Lunar New Year

Bitcoin

James

Lunar

Coin

<ul class="news-points"> 
 <li>Bitcoin surges for the 7th consecutive day, currently trading above the $48K mark.</li> 
 <li>The increasing investor interest in ETFs, marked by the surging inflows, has substantially impacted the BTC price.</li> 
 <li>In addition, the upcoming halving event and the prevailing Lunar New Year holidays have also influenced the surge.</li> 
</ul> 
<a href="https://coinedition.com/what-is-bitcoin-everything-you-need-to-know/">Bitcoin</a>, the pioneer of cryptocurrencies, is nearing the long-anticipated $50K mark, with increasing investor interest in the newly launched Bitcoin ETFs. According to a recent Bloomberg <a href="https://www.bloomberg.com/news/articles/2024-02-12/bitcoin-btc-close-to-longest-winning-run-in-a-year-amid-etf-inflows" target="_blank" rel="nofollow">report</a>, Bitcoin is ascending on a positive track, achieving daily gains for seven consecutive days. 
Over the past few days, Bitcoin ETF inflows have been spiking, mimicking the first few days of the ETF launch. After one month of the launch, ETF inflows surpassed $9 billion, hitting $405 million in a single day. Bloomberg’s Senior ETF Analyst James Seyffart shared updates on the third-largest inflow since the launch despite the surging outflow of Grayscale’s GBTC. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Cointucky Derby Update. BIG net inflow day of over $400 mln. With almost 8 of the newborn nine took in money yesterday. <a href="https://twitter.com/search?q=%24FBTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$FBTC</a> officially crossed $3 billion in AUM. <a href="https://twitter.com/search?q=%24GBTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$GBTC</a> outflow streak continues with …
 </blockquote>
 </div>
</figure>
The post <a href="https://coinedition.com/bitcoin-nears-50k-mark-surges-for-the-7th-consecutive-day-report/">Bitcoin Nears $50K Mark, Surges for the 7th Consecutive Day: Report</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Bitcoin Nears $50K Mark, Surges for the 7th Consecutive Day: Report

Coin Edition

2024년 2월 12일에 게재된 다른 기사

Here are the Top Two Reasons Why a Strong AltSeason is on the Horizon

Winning $60k in 11 hours? The crazy yet successful bet that a trader made with crypto

South Korea Enhances Crypto Market Regulation with Rigorous FIU Strategy

Growing Adoption: Bitcoin Accounts For 53% Of Latin American Wallets – Report

Solana Mobile Preorders Hit 100,000 in Record Time

Marathon Faces Significant Downtime as Host Applied Digital Experiences Power Outage

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!